M&A © Diane Picard
© Diane Picard

Transport Intelligence reports:

The Otto Group has sold a controlling stake in the parcel carrier Hermes UK, along with smaller parts of its last-mile operations in Germany.

The London-based private equity firm Advent International has effectively bought a “75% shareholding in Hermes UK, Advent will also acquire a 25% stake in Hermes Germany, which includes other Hermes Germany Group companies including BorderGuru and a share in the ParcelLock joint venture.”

The deal, announced yesterday (Monday, August 10), is structured so that Hermes is ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.